Washington and Lee law professor Lyman Johnson is co-author on an amicus brief, filed yesterday, September 2, 2014. The brief supports the respondents in Omnicare Inc., et al. v. Laborers Dist. Council Constr. Indus. Pension Fund, et al. a case currently before the United States Supreme Court, docket no. 13-435.
This securities law case, appealed from the sixth circuit, addresses whether a statement of opinion or belief is actionable under 1933 Securities Act §11 only if the speaker knew its disclosures were untrue.
Download the brief here.